Latest Articles
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Target Axing Employees At Headquarters To Reduce Expenses
In an effort to lower expenses, Target (NYSE:TGT) is proactively downsizing its corporate workforce. The company began employee layoffs in February and cut 140 jobs at its headquarters in the latest round. In a financial community meeting held i...
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Target Seeking Higher Traffic & Business Consolidation With CVS Deal
In an interesting turn of events, Target (NYSE:TGT) has signed a definitive agreement to sell its pharmacy and clinic business to the drugstore chain CVS Health (NYSE:CVS) in a $1.9 billion deal. Under the terms of the agreement, CVS will rebrand...
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Target Seeking Fashion To Gain Growth Momentum
Affordable fashionable merchandise are what helped Target make a name for itself in the U.S. retail market, before it decided to go aggressive on groceries that severely impacted its growth. However, it has once again resorted to its “known...
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Target On-Target In The First Quarter
Target (NYSE:TGT) reported positive results for its Q1 fiscal 2015, beating market expectations. Backed by strong growth in online sales, a good customer response to its fashion categories, and arise in number of transactions, the retailer̵...
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Target’s Earnings May Feel The Impact Of Traffic Decline And Wage Hike
Target (NYSE:TGT) is scheduled to release its Q1 fiscal 2015 earnings on May 20th, and we expect its growth to remain under pressure on account of an industry wide decline in foot traffic. Although the retailer had posted better-than-expected rev...
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Lily Pulitzer Collection Indicates A Probable Target Comeback
Just a month after he was appointed, Target ‘s (NYSE:TGT) CEO Brian Cornell had announced that he is planning to aggressively expand certain categories that once provided Target an edge over other retailers. He said that the company will almost ...
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Retail Week In Review: Wal-Mart and Target
The past week was stable for retail behemoths – Wal-Mart (NYSE:WMT) and Target (NYSE:TGT), as stock for both companies did not move much. Wal-Mart faced some issues with its fired employees after it closed some stores, citing plumbing issu...
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Target’s Plans To Protect Its Bottomline May Get Hindered By Probable Wage Hike
Target ‘s (NYSE:TGT) shares have rallied over the past couple of months, following the closure of its loss making Canadian business and better-than-expected revenue growth in the U.S. for the fourth quarter. The company ended its operations...
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Target Beats On Revenues But Reports Significant Losses Due To Canada
For the second quarter in a row, cheap chic retailer Target (NYSE:TGT) reported positive growth in its U.S. comparable sales. The company said that its Q4 sales in stores open for over a year increased 3.8%, following 1.2% growth registered in Q...
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Target Earnings Preview: Growth May Remain Under Pressure; Exit From Canada In Focus
Target (NYSE:TGT) is scheduled to release its Q4 fiscal 2014 earnings on February 25th and we believe that its growth will once again feel the impact of falling foot traffic. Across the industry, buyers in numbers have switched to online shopping...
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Target To Discontinue Its Canadian Business
After persevering for over a year-and-a-half in Canada, Target (NYSE:TGT) has finally decided to shut its operations in the country. The retailer’s debut in the market was disastrous, as it invested around $4 billion setting up its Canadia...
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Target Canada Story: Origin, Fall & Restoration
Target (NYSE:TGT) had initiated its international expansion last year, when it opened its first store in Canada. The company had substantial faith in the country’s retail market along with its brand image, which is evident from the fact tha...
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Target’s Earnings Surprise As Sales And Profits Rise
The impact of last year’s data breach at Target (NYSE:TGT) appears to have faded. After six consecutive quarters of flat or negative comparable sales growth, the retailer finally reported 1.2% rise in this metric in Q3 fiscal 2014, compreh...
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Foot Traffic Decline And Canadian Losses Will Suppress Target’s Results
When “Cheap chic” retailer Target (NYSE:TGT) comes out with its Q3 fiscal 2014 earnings on November 19th, we expect its struggle in the U.S. and Canada to continue. Store traffic at Target has declined in the past nine quarters and i...
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Why Target’s Revenue Per Square Feet Will Improve Going Forward
Target ‘s (NYSE:TGT) revenue per square feet ( a measure of store productivity) declined consistently from $296 in 2007 to $280 in 2009, owing to the economic downturn in the U.S. However, the figure started improving after 2009, as consume...
